Daily Forex Commentary for 031009

March 14th, 2009 • Related • Filed Under




March 10, 2009

U.S. Dollar Rallies as Selling Assault on Equity Markets Continues

The U.S Dollar closed sharply higher against most major Forex markets on Monday as the selling assault on equity markets continued. Lower overnight stock markets started the flight-to-safety buying early in the trading session which continued into the close in New York.

Foreign currency markets were down all over the world as global banking issues continued to dominate the news. Traders are buying the Dollar because they feel that the U.S is the safest place to be …
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